As a result of the entry of Cyprus into the European Union, all restrictions as regards the acquisition of shares in a company registered in Cyprus by investors from the European Union have been abolished.
In the case of companies offering banking services, the Central Bank of Cyprus will still vet any investments in case that the holding exceeds 10% of the company’s share capital.
In the case of companies offering investment services (licensed Cypriot Investment Firms), signifcant changes in shareholdings must be approved by the Cyprus Securities and Exchange Commission.
